Alimco Financial Corporation (CE) (ALMC) Quote

The split did not affect my shareholding on the supposed effective date, and I decided to sell it all that day at a nice premium to the cash-out price.

The post-split stock is now trading under ALMCD, last trade $12.

How many actual shareholders are looking at this thread? Did any of you or your brokers get notice of the meeting for the split? Please answer it is important?

How many actual shareholders are looking at this thread? Did any of you or your brokers get notice of the meeting for the split? Please answer it is important?

Alimco Financial Corporation Announces Reverse Stock Split Followed by Forward Stock Split
May 31, 2017 alimcoadminPress Releases
Alimco Financial Corporation (ALMC) announced today a 1-for-10,000 share reverse stock split of its common stock (the “Reverse Split”), effective May 31, 2017 at 6:00 pm Eastern. The Reverse Split was followed immediately by a 1,000-for-1 share forward stock split (the “Forward Split”).
All record stockholder accounts holding less than 10,000 shares of common stock immediately prior to the effective time of the Reverse Split will receive a cash payment of $1.21 per share on a pre-split basis in lieu of receiving a fractional share of common stock. Any fractional shares of common stock existing after the Forward Split were rounded up to the next full share.
The company’s transfer agent, Computershare Inc, is the exchange agent for the stock split. Computershare will send stockholders holding stock certificates a letter of transmittal providing instructions for the exchange of their stock certificates for payment of cash-in-lieu of fractional shares or post-split share certificates.
Registered stockholders holding shares of the company’s common stock electronically in book-entry form with Computershare are not required to take any action to receive payment of cash-in-lieu of fractional shares or post-split shares. Such stockholders will have their positions automatically adjusted to reflect the stock split and will receive payment of cash-in-lieu of fractional shares from Computershare.
Stockholders holding shares with a broker or other nominee are also not required to take any action in connection with the stock split. Such stockholders will have their positions automatically adjusted to reflect the stock split and will receive payment of cash-in-lieu of fractional shares in accordance with their broker’s or nominee’s procedures for processing the transaction.
Stockholders with questions about their cash-in-lieu payment or post-split shares can contact Computershare at 1-800-546-5141.
CONTACT:
Alan B. Howe
(858) 829-6713
ahowe@bbi-llc.com

ALMC: one for 10,000 reverse split followed by a 1,000 for one forward split.

http://otce.finra.org/DLSymbolNameChanges

Alliance Semiconductor Corp., ALSC, changed to Alimco Financial Corp., ALMC:

http://otce.finra.org/DLSymbolNameChanges

Symbol change


Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
01/17/2017 00:00:00 Name/Symbol/CUSIP Change 01/18/2017 00:00:00 ALSC Alliance Semiconductor Corporation Common Stock Other OTC
Details
Previous Value Current Value
Symbol ALSC ALMC
Issue Name Alliance Semiconductor Corporation Common Stock Alimco Financial Corporation Common Stock
Class
Maturity Date
Market Category Other OTC Other OTC
Unit of Trade 100 100
Regulatory Transaction Fee Yes Yes
Current Value
Daily List Date/Time 01/17/2017 00:00:00
Event Type Name/Symbol/CUSIP Change
Effective/Ex Date/Time 01/18/2017 00:00:00
Subject to Corporate Action
Offering Type No Restrictions
Daily List Comment

bid moved up .80



$112660

interesting... plus there is over a 100 grand on bid at .78

yep, what's wrong with that- go check their financials

wtf now this is at .80???

This stock makes absolutely no sense to me.... yet it continues to rise.

Congratulations!

Once again ALSC turns up on stock screener 0.05 - 0.50 per share

Percent within 52 week high

makes no sense to me....

Within 5 percent of 52 week high ...

no idea why this is getting any volume.

Coming back to life perhaps?

how is this getting any volume

still wonder why there is random volume here.

Yeah I got sucked in during one of the last random volume spikes this thing had. No idea what to make of this.

We saw something like this a little while ago... but nothing occured. I even emailed the company and they said nothing was going on. Not sure....

This stock might jump like house on fire!

I do not own any shares here just from tech point RSI-2 reached 0 and RSI-14 below 30. Which means it changes it's direction and from this point starts going up. Reliability is very high!

I'm in on this one today as well. Saw RILY on the BID, the same Riley investments (insider) I think that sold 490,000 shares at $.67 3 years ago. Now why would they be buying back? It looks like someone knows something.

You obviously bought in today. I think it has hit bottom regardless, so a good play to me. What are your thoughts on why?

This one will explode tomorrow!

I've been following ALSC for several years now and own some shares. As you all know, there was a FINRA ruling that went against ALSC last year relating to their arbitration against JP Morgan. The stock tanked shortly after.

The volume has been pretty dead following that ruling. It certainly does not mean that ALSC doesn't have a strong case about being misled into buying the Ambac Auction Rate Securities. They can still certainly sue again -- and recent rulings against big banks may bolden their positions there.

As for the millions of shares traded pre-market at $0.20. My only thought is -- they were bought double yesterday's close(last close was $0.10) so someone obviously wanted these shares pretty badly and in a large quantity. There's been so little volume on this stock that it's a pretty big shock to me to see how much volume changed hands without any new news.

This is definately on my radar now... What do we think is up with this volume???

lets hear it!

I'm here too and can think of a few possible explanations, but they're just speculation. Interesting.

I just don't get it. All the trades have happens in deuces this morning premarket. This is the highest volume day this ticker has seen past couple of years.
Just have no clue as to how this is happening or whether it means anything!

I mean, for every trade, there has to be a seller, and then on the other side there has to be a buyer willing to buy those shares!

Pero I think you and I are the only following this. I have never understood the random volume here.

Can somebody explain this, ALSC gets the following trades premarket at .20/share:

-2,395,474 shares @ 09:05:47
-526 shares @ 09:05:58
-1,927,267 shares @ 09:06:13
-2,395,474 shares @ 09:15:24
-1,927,267 shares @ 09:15:34
-261 shares @ 09:15:59
-526 shares @ 09:16:16

Total 8,647,056 shares sold premarket today at 0.20 cents/share. Then the stock opened at .15 and had a couple small trades!

Anybody has an explanation?

same here man.

This huge volume always makes me wonder, what is going on with this stock! Couple of trades were carried out before 9:30am today, so let's see what's up this time!

112 028$ dollar trade at .13 .... always wondered the deal here.... look at RILY bid here.

861,756 shares at .013 @ 1:35:45pm (ask), two other small trades at the bid and then another 75,000 shares at the ask (last trade)

wow I didn't even notice how big was the block or blocks?

Let's see what this volume means for ALSC this time!

I posted it.....

didn't see it.

94 thousand dollars at .13..........

anyone else see that bid.....

ALSC .11 x .18

any note the recent volume. I think it hit a low of like .25 and now at .35.... something among those lines.

no mystery, it was Riley & Llyod

Yep, eventually.

one day going to find out about that mysterious volume.

slowly going lower here.